nevada llc corporation



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Home > Learning Center > Nevada Asset Protection > Nevada Asset Protection Tutorial
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Nevada Asset Protection  
Nevada Asset Protection Tutorial  
In Nevada you can form a Corporation or LLC for "any legal purpose"  
Unlike in many other states, a Nevada LLC does not require a business purpose to be formed. This is of critical importance when considering Asset Protection.

Currently, 14 states (California, Indiana, Iowa, Louisiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Pennsylvania, Rhode Island, Texas, and Virginia) require a business purpose in order to form an LLC. Because of this, an LLC formed in these states cannot be used to hold an asset to protect it from creditors, unless that is deemed a business purpose in that state.

A Nevada LLC can be operated as "a Nevada Asset Holding LLC" or "an investment management company" and simply "hold and manage" assets. In this way "personal assets" can be protected from judgments.

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The information contained herein is believed to be accurate. It is provided with the understanding that the publisher, The Company, is not engaged in rendering legal or accounting services. The Company is not affiliated with any Bank. The Company is not a law firm or Certified Public Accountancy or Chartered Accountancy firm. As always if you need legal advice consult with an attorney or a solicitor. If you need tax advice consult with a Certified Public Accountant, a Tax Attorney or a Chartered Accountant.

Business incorporating and ancillary services are provided by “Approved Service Providers” in various jurisdictions including Hong Kong S.A.R., Republic of Panama, Belize, St. Kitts & Nevis, Nevada U.S.A. and Wyoming U.S.A.

All prices are listed in United States Dollars (USD).